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978 Fedora Street

978 Fedora Street, Los Angeles, CA 90006
Sold Jan 21, 1999
$135,000
$189,000 by Washington Mutual Bank Fa
Mortgage
Local assessors in Los Angeles, CA have categorized 978 Fedora Street as a residential type of property. The home was built in 1914 and is 110 years old. The property's lot size has been calculated to be 5,906 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 978 Fedora Street has a total of 3,440 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 978 Fedora Street sold most recently in Jan 19, 1999 for a total of $135,000. If you work out the math, that's approximately a cost of $39.24 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,243 in taxes each year. 978 Fedora Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $241,070. If we break it down further, the land itself was valued at $176,288. Improvements to the property, however, were assessed at a total of $64,782. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Assigned Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,906
  • Total Building Area: 3,440
  • Gross Building Area: 3,440
  • Building Area: 3,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELECTRIC RAILWAY HOMESTEAD ASSOCIATION
  • Land Acres: 0.136
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: ELECTRIC RAILWAY HOMESTEAD ASSN LOT/SEC 18 BLK/DIV/TWN 6

Ownership

  • Current Owner : PARK GOO SIK
  • Previous Owner : TANIKAWA JIMMY H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 213310

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 43-E3
  • Parcel: 5078-004-017
  • Block: 6
  • Lot: 18
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0533
  • Longitude: -118.298

    Address

  • Full Address: 978 Fedora St
  • Address - House Number: 978
  • Address - Street Name: Fedora
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C004
  • 4-Digit Zip Code: 1414
  • Zip Code: 90006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,243
  • Tax Rate Code Area: 06-657

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 1,149,277
  • High Value: 1,413,675
  • Low Value: 884,879

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $189,000
  • First Open Lien Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Open Lien Mortgage Recording Date: Oct 23, 2002
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $189,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,070
  • Assessed Land Value: $176,288
  • Assessed Improvements Value: $64,782

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 1999
  • Current Sale Recording Date: Jan 21, 1999
  • Current Sale Transaction ID: 1034509025
  • Current Sale Price: $135,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 99-0091782

    Last Sale Mortgage

  • First Mortgage Lender: JIMMY H TANIKAWA
  • First Mortgage Transaction Date: Jan 21, 1999
  • First Mortgage Loan Amount: $110,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

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Frequently Asked Questions

What neighborhood is 978 Fedora Street located in?
The 978 Fedora Street is a multifamily located in the neighborhood of Wilshire Center - Koreatown in Central LA, Los Angeles.
What is the average sales price for listings in 978 Fedora Street?
The average sales price for units in 978 Fedora Street is $0 currently.

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